Annual Report 2015 of Rahim Textile Mills Limited

It is a broadly described annual report of Rahim Textile Mills Limited in the year of 2015. The turnover of the company during the year was Tk.598.622 million as against last year’s turnover of Tk.575.293 million. The increase in turnover is 4.06% over the last year. Gross Profit earned during the year was Tk.92.310 million (15.42% of turnover) as against last year’s gross profit of Tk.70.210 million (12.20% of turnover). The increase in Gross Profit ratio is due to decrease in prices of Gray fabric (Raw- materials) and other overheads. The Gross profit ratio has increased by 3.22% over the previous year due to turnover quantity has increased compared to the previous year. Net profit (after tax) earned during the year was Tk.23.565 million as compared to last year’s Net profit (after tax) of Tk.23.180 million The Company succeeded in making the net profit during the year due to increase in turnover of Tk.23.33 million compared to previous year and decrease in cost of goods sold by 3.22% (Tk.505.08 million i.e. 87.80% of turnover in 2013-14 and Tk.506.31 million i.e. 84.58% of turnover in 2014-15) and decrease of financial expenses by 0.62% compared to previous year. This year’s cost of goods sold was Tk.506.31 million (84.58% of turnover) as compared to last year’s cost of goods sold of Tk.505.08 million (87.80% of turnover). This is due to the fact that there has been decreased in average production cost by Tk.2.78 per yards (Tk.23.00 in 2014-2015 per yards and Tk.25.78 in 2013-2014 per yards). The increase in production quantity is 24.28 Lac yards over the last year. Production capacity utilized during the year was 83.03%.

During the year the company earned interest income on FDR at Taka.177,010 and after adjustment of Tk.58,723 as a loss on the foreign currency exchange rate and the balance amount of Taka.118,287. Board of Directors has recommended for declaration of Stock Dividend @ 40% i.e. 0.40 (Zero point four zero) Bonus Share for every 01 (One) ordinary shares held by the shareholders on the Record date. This will need issuance of 1,387,386 Ordinary Shares of Tk.10.00 each by capitalization of Tk. 13,873,860.00 out of Retained Earnings (free reserves).

More Annual Report of Rahim Textile Mills Limited:

  1. Annual Report 2012 of Rahim Textile Mills Limited
  2. Annual Report 2013 of Rahim Textile Mills Limited
  3. Annual Report 2014 of Rahim Textile Mills Limited
  4. Annual Report 2015 of Rahim Textile Mills Limited
  5. Annual Report 2016 of Rahim Textile Mills Limited
  6. Annual Report 2017 of Rahim Textile Mills Limited